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Group congratulates ex-Oyo commissioner, Olowofela on new appointment

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Prof.Olowofela

A socio-political group under the aegis of Tinubu Legacy Forum (TLF) has felicitated with the former Commissioner for Education, Science and Technology in Oyo state, Prof. Adeniyi Olowofela over his appointment as member,  Federal Character Commission (FCC).

President Muhammadu Buhari had on Thursday swore in Professor Olowofela and other board members of the commission in Abuja, the nation’s capital.

The group in a statement signed by its National Publicity Secretary, Comrade Hamzat Olalekan on Friday and made available to Mega Icon Magazine, noted that Olowofela’s optimism, intellect, humility, loyalty, perseverance and political consistency paved way for this appointment; urging him to keep the good personality on strive.

“Following the Senate approval of Prof. Olowofela’s appointment and 36 others’ appointments to the Federal Character Commission (FCC), the entire membership of Tinubu Legacy Forum (TLF), nationwide and diaspora under the BOT Chairman, Alhaji Ganiyu Akeem felicitates and rejoice with him as he was sworn-in yesterday, 2nd July, 2020 alongside other members by the President, Federal Republic of Nigeria.

“We believe your optimism, intellect, humility, loyalty, perseverance and political consistency paved way for this appointment; keep the good personality on strive and the sky wouldn’t be your limit.

“Accept our heart-warming congratulations, may God Almighty guide, protect and see you through to the next level”, the statement reads.

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The ex- Ido Local Government gaffer would be representing Oyo state at the Federal Character Commission (FCC).

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Ooni Condemns Big Brother Naija, Suggests Replacement

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The Arole Oduduwa and Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi Ojaja II  on Wednesday condemned the prominent Big Brother Naija reality show which he said has been misrepresenting the goodness of the Nigerian youths.

Ooni who doubles as Co-chairman, National Council of Traditional Rulers of Nigeria(NCTRN) also offered a suggestion for a reality show which will project the country’s values, charging leaders of the National Youth Council of Nigeria to work out plans on the show which will be called, “The Big Nigeria Reality Show”.

According to the monarch, “Nigerian youths are found of accusing and abusing our leaders, stop abusing them and do your bits. Let’s wear our thinking caps and begin to act like real leaders that we are.

“In the last general election, the total number of vote cast is around 27 million while over 170 million people voted during the 2019 Big Brother 9ija reality show. This is a practical reality of who Nigerian youths are and where our priorities lies as Nigerians

“The funny side in all of these is that we still go to bed, have a good sleep and wake up with the hope to meet a Nigeria we didn’t create. Nigerians Youths! Nigerians Youths!! Nigerians Youths!!!

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“Unfortunately, every time I talk about this kind of attitude, everyone just laugh and moves on. What kind of nation are we building?

“When people say this country, or what kind of country is this, they are indirectly saying these people – it is the people that make a country; so what kind of Nigerian youths are we?” , the Ooni queried.

Ooni added, “The proposed show will be structured in a way that young professionals, talented individuals and others across several field of endeavour will be showcased and helped to reach their peak. This would help the participants and also help viewers to have access to people that can be seen as role models”.

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COVID-19:  ‘I took black seed oil, black seed, alligator pepper, bitter-cola’ – Oyo  commissioner narrates his isolation experience

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Oyo State Commissioner for Information, Culture and Tourism, Dr. Wasiu Olatubosun has expressed fear that despite unrelenting campaign to sensitize the people on safety regulations against the Covid-19 pandemic, many still went about without fear of contracting the virus.

 

Olatubosun stated this while answering questions on his experience during his self-isolation period at his office on Wednesday afternoon, saying the State’s Covid-19 Task Force toured over 600 communities in the State to sensitize people about the dangers of the virus and how to avoid contacting it.

 

He said the task force thereafter embarked upon community testing, which revealed that most people in the rural communities did not heed the warnings and have been infected already, as the results from communities showed.

 

“You would not believe that while I was on self-isolation at home, some people still came to my house on Sallah day to celebrate with me, they did not fear at all, I had to send emissary to them on phone with gifts and asked them to go home, it was that bad.

 

“We preached the dangers of Covid-19 at all nooks and crannies of the State, we toured 600 rural communities like the holy prophets did, but our people did not heed the warning in time, which led to the outburst of the disease in rural areas at a point, but thank God the curve has slowed and we now have insignificant numbers coming from the rural areas.”

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Dr Olatubosun said the State government has perfected what he called risk communication approach to fight people’s apathy to the danger inherent in getting infected with Corona virus.

 

He said the approach would consider communicating major consequences of not following Covid-19 safety protocols, which he said will entail the use of visuals, voices and graphics to showcase testimonial cases of people that earlier showed apathy and later contracted the disease.

 

On how he survived the virus and psychological effects of the 56 days self-isolation, the ex-council boss said despite that he was asymptomatic of the virus and endured six tests before being certified to be negative.

 

He opined that although the world has not come out with a vaccine against the virus, the standard World Health Organization (WHO)’s medical recommendation for treatment was abiding, but for Nigerians, supplementing the orthodox medicine with local herbs helped him a lot to recover.

 

“I took 25 bottles of black seed oil, a bowl of black seed, a lot of alligator pepper and bitter-cola as well as different brands of herbal concoctions which I drank at interval and used for steaming after my normal drugs, but the utmost is prayer to overcome the trauma.”

 

Olatubosun praised Governor Seyi Makinde as a worthy war commander that never abandoned his soldiers no matter their conditions, adding that the governor would call him in the morning and in the evening everyday to know his condition throughout his self-isolation days.

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He said the efforts of the State helped mitigate the spread of the pandemic and infection as the State had 95% recovery rate.

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President Buhari finalises Nigeria’s membership in African Trade Insurance Agency

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Nigeria becomes a full member country at an opportune time. It joins ahead of others that are fast-tracking membership given the trade and investment insurance challenges during the COVID-19 pandemic and also recognizing the potential post pandemic opportunities.

  • Nigeria contributed US$14.1 million to ATI’s capital in 2019 with African Development Bank’s (AfDB) financial support and fully completed its membership process through the ratification of the ATI’s Treaty.
  • Membership in ATI provides African countries with additional trade and investment insurance capacity, which helps cushion against the negative economic impacts of COVID-19.
  • ATI expects an estimated US$138 million in additional capital from prospective new shareholders in the coming months.

This week, President Buhari signed the instrument of ratification to the African Trade Insurance Agency’s (ATI) treaty. This finalises Nigeria’s membership in ATI in a process that began some years ago. Membership in ATI allows Nigeria to attract additional insurance capacity to help attract investments and it also increases ATI’s capacity to support sovereign and commercial transactions in the country. Ultimately, Nigeria benefits because effective risk mitigation is vital to increasing investments and trade flows.

Nigeria’s membership comes at a critical time for the economy as a sharp drop in oil prices due to a COVID-related one-third decrease in demand, has impacted the country’s spending plans. The IMF predicts that falling oil prices will halve Nigeria’s export earnings to US$26 billion, which traditionally accounts for 90% of the government’s budget.

ATI is well positioned to support African countries through the pandemic. In the last three years, ATI has helped crowd-in nearly US$3 billion of investments to several African countries. With ATI’s sovereign and sub-sovereign credit wrap solutions, governments and state owned enterprises have been able to obtain competitively priced and longer-term financing.

In Nigeria, ATI has already provided significant support in the country’s oil and gas sector covering oil traders as well as in the financial sector insuring financial institutions.

“As one of the largest economies in Africa with a vibrant private sector, ATI looks forward to working with the Ministry of Finance, the Central Bank, local financial institutions and corporate traders to support Nigeria’s economic diversification plans and its post-COVID recover.” noted Benjamin Mugisha, ATI’s Chief Underwriting Officer.

As an important strategic partner, the African Development Bank (AfDB) has played a significant role in funding the membership participation of several African countries. Between 2010 and 2020, AfDB has provided US$70 million to fund the shareholding of seven African governments – Benin, Côte d’Ivoire, Ethiopia, Mali, Nigeria, South Sudan and Zimbabwe.

In the coming months, five countries are expected to become fully-fledged members while an existing member state indicated its intention to increase its capital contribution. These countries will cumulatively benefit from US$91 million in financial support from the African Development Bank and the European Investment Bank, which is ATI’s other strategic partner.

Furthermore, the recently held General Meeting approved three new membership applications worth US$47 million, demonstrating ATI’s ability to mobilize international support to implement its development mandate and support African countries’ economic recovery from the COVID-19 global pandemic.

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